91 Poquonnock Road, Groton, Connecticut 06340

$900,000
8,821
SqFt
List Price
$900,000
Status
ACTIVE
MLS#
170479965
Price Change
▼ $100,000 1658274537
Year Built
1900
Building Name
Five Corners District
Acres
1.45
Living Area
8,821

Property Description

Extremely unique commercial opportunity to buy a portfolio of properties within walking distance to Electric Boat. The current owner has done the hard work of assembling 5 properties totaling 1.45 acres in an area that is ripe for development and change. A proposed 80-unit mixed use project including commercial space and apartments was recently not approved by the town, but an extremely competent team of professionals has paved the road for someone to take the baton and reap the rewards of their work well done. These properties are in Groton City’s Floating Zone allowing for creative usage. Floating zones can be used to plan for future land uses that are anticipated or desired in the community, but are not confirmed, such as affordable housing, shopping centers, and urban development projects. They can also be used for cluster zoning, planned-unit developments (PUDs), and urban development projects. The portfolio consists of a 1658 square foot commercial building currently occupied by Subway and generating a yearly income of $7500. 8-10 Benham Rd consists of two multifamily buildings with a total of 6 units and all are vacant currently. 22 Benham Rd is a single-family home with 1570 square feet of livable space. 46 Benham Rd is a 1218 square foot single family home. 1 Mariani Ct is being utilized as a parking lot and generates a yearly net income of approximately $8,623.

Additional Information

Taxes
$2,609
Lot Size
63,162
Heating
Baseboard, Radiator, Steam
Fuel Type
Oil
Cooling System Type
None
Sewer
Public Sewer Connected
Water Source
Public Water Connected
Exterior Features
Sidewalk

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Andrew O'Reilly from Seaport Real Estate Services

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